Research on Thai Markets in general and the SET Index
So with earnings out, not bad overall, management can start buying their shares in beaten down names again…has the market dropped too far? A little bounce for 1-3 weeks before resuming its downtrend? Or will the commodity complex pull the market back up. Companies and markets are in a (here’s a professional term) funky place. […]
Read More →Durian exports to China will bring in an additional Bt120b in revenue this year, says Agricultural Ministry. Co-payment scheme to be extended: Prime minister says extension limited to specific eligible groups of recipients. The government has pledged to implement a fifth phase of the “Khon La Khrueng” copayment subsidy scheme after yesterday approving tourism stimulus […]
Read More →This is an odd situation for Thailand and the ASEAN region. On the bear side we have the increasing financial costs through rate hikes, (10 yr thai gov yield has gone from 2 to 3% this year), higher energy costs across the board, the lockdowns in parts of China and the US and the EU […]
Read More →Now the SET is only +0.1% for the year and if you take into account the currency drop versus the USD, its rubbish. Banks earnings are out, basically better than what most expected. And I’m still on my commodity rampage, just think about it, China is still locking down Shanghai, a semi-lockdown of Beijing, ASEAN […]
Read More →Is the market beginning to price in the increase in interest rates? 10 yr thai gov yield has gone from 2 to 3% this year. Commodity price inflation across the board ruins my thesis of plc’s cutting costs and making greater margins than pre covid. But then we have to throw in the fact that […]
Read More →FPO predicts minimum growth of 3%: Rising production costs limit upside. Fiscal Policy Office (FPO) directorgeneral Pornchai Thiraveja believes the Thai economy will grow by a minimum of 3% this year despite soaring domestic energy and product prices caused by the Russia-Ukraine war. Bangkok Post BOT retains monetary policy: Accommodative approach endures. The central bank […]
Read More →So, post songkran, what’s new? We’re going to see 1Q #’s start to come out, wouldn’t be surprised to see the banks continue to do better than expected….now the rest of the companies, the cost-cutting of 2020/2021 is done, now higher costs exist for any business that isn’t purely human driven (i.e. the IT co’s) […]
Read More →Ruling PPRP aims to win 150 House seats: The ruling Palang Pracharath Party (PPRP) aims to win at least 150 House seats in the next general election, according to party secretary-general Santi Promphat. Bangkok Post Ministry closes 2 Covid-hit insurers: Two companies had their business licences revoked after they ran out of money to pay […]
Read More →The usual collection of random thoughts over the past 2 months Sweet weed https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7987002/ Came across this study, and guess what? That sweet sweet weed helps against the wuflu. So c’mon Anutin and friends, stop screwing over the population more than you’ve already done and get us access to that sweet weed Elections BKK governor […]
Read More →The Ukraine/Russia event and newscycle led to everything else not being important in the markets, alas part of me still thinks we should look at the actual figures of companies…and here we go for 2021. In summary: ALL GREAT improvements The financials rocked and rolled (accounting certainly helps) Petrochem & Energy rocked and rolled – […]
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